A Major Cause in the Decline of Union Membership in the United

question 56

Multiple Choice

A major cause in the decline of union membership in the United States was a(n)

• A) shift in the nation's economic life toward industrial production.
• B) decline in public support for unions.
• C) shift in the nation's economic life away from service delivery.
• D) increase in the number of union members with purposive incentives.
• E) increase in the number of union members with concurrent incentives.

---

Definitions:

Export Demand

The demand for domestic goods and services in foreign markets.

Hedging

A risk management strategy used to offset potential losses in investments by taking an opposite position in a related asset.

Spot Exchange Rates

Spot exchange rates are the current exchange rates at which currencies can be traded immediately.

Foreign Exchange Risk

The risk of loss due to changes in currency exchange rates affecting the value of investments or financial transactions.